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F E Smith
F E Smith, Advocate
Category: Family Law
Satisfied Customers: 9683
Experience:  I have been practising for 30 years.
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I have a friend with whom we stand to inherit a property in

Customer Question

I have a friend with whom we stand to inherit a property in the UK. At the moment we share expenses and time to look after the donor. If the donor decides to leave everything to my friend and cut me out from the will, is it possible to have a written agreement with the friend that whoever inherits the property will share 50/50. If yes, is it enforceable? The friend agrees to sign such agreement. What will the agreement be called and what the content should be?
Submitted: 1 year ago.
Category: Family Law
Expert:  F E Smith replied 1 year ago.

There is nothing to stop you and your friend having any agreement you like. It would be better done by deed which needs to be witnessed because that makes it more official.

Even if the friend will not agree and whoever has the property at the moment and who you are looking after decides to cut you out of the will in favour of your friend, and you spent money and time looking after the personal, and you did so on the basis that they promised they would leave you the property, they would be denied honouring the promise under a legal doctrine called Promissory Estoppel.

You need to have had a promise made to you and then relied on that promise to your detriment which, in this case, you would have done by spending time and money.

So you see, there are actually 2 ways of dealing with this.

It would be essential that your friend takes legal advice from an independent lawyer on the effect of entering into the agreement for it to be enforceable.

Can I clarify anything for you?

Please rate the service positive. It’s an important part of the process by which experts get paid.

I can still clarify things for you.

Best wishes.

FES.

Customer: replied 1 year ago.
Thank you,could you provide brief heads of such deed?
Expert:  F E Smith replied 1 year ago.

I can provide you with a deed but there is an extra cost for it. I will submit a premium services proposal. A solicitor would probably charge you about £250 for doing the document but I would be able to do it for a fraction of that.

You need the parties names.

The recital which is basically the background and what the deed is giving effect to

The body of the agreement and confirmation that each party is taking legal advice

And then the execution clauses along with witness details